Victory Capital Management Inc. Boosts Stock Position in Vitesse Energy, Inc. (NYSE:VTS)

Victory Capital Management Inc. lifted its position in Vitesse Energy, Inc. (NYSE:VTS) by 65.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 17,481 shares of the company’s stock after buying an additional 6,916 shares during the quarter. Victory Capital Management Inc. owned approximately 0.06% of Vitesse Energy worth $437,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Harbor Capital Advisors Inc. increased its holdings in Vitesse Energy by 61.7% during the 4th quarter. Harbor Capital Advisors Inc. now owns 290,554 shares of the company’s stock worth $7,264,000 after purchasing an additional 110,830 shares during the period. Barclays PLC increased its holdings in Vitesse Energy by 325.7% during the 3rd quarter. Barclays PLC now owns 39,528 shares of the company’s stock worth $950,000 after purchasing an additional 30,243 shares during the period. Geode Capital Management LLC increased its holdings in Vitesse Energy by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 582,234 shares of the company’s stock worth $13,988,000 after purchasing an additional 9,724 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Vitesse Energy by 112.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 226,909 shares of the company’s stock worth $5,450,000 after purchasing an additional 119,861 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in Vitesse Energy by 0.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 241,761 shares of the company’s stock worth $5,807,000 after purchasing an additional 853 shares during the period. Hedge funds and other institutional investors own 51.63% of the company’s stock.

Wall Street Analyst Weigh In

VTS has been the topic of several recent research reports. Evercore ISI restated an “in-line” rating and set a $28.00 price target on shares of Vitesse Energy in a report on Wednesday. Alliance Global Partners upgraded Vitesse Energy from a “neutral” rating to a “buy” rating and upped their price target for the stock from $26.00 to $29.00 in a report on Tuesday, December 17th. Northland Capmk raised Vitesse Energy to a “strong-buy” rating in a research report on Thursday, January 16th. Finally, Northland Securities upped their price objective on Vitesse Energy from $28.00 to $31.00 and gave the stock an “outperform” rating in a research report on Thursday, January 16th.

Vitesse Energy Trading Down 4.3 %

NYSE:VTS opened at $22.92 on Friday. The stock has a 50-day simple moving average of $25.72 and a 200-day simple moving average of $25.73. The stock has a market cap of $884.25 million, a P/E ratio of 15.70 and a beta of 0.53. Vitesse Energy, Inc. has a 1 year low of $21.83 and a 1 year high of $28.41. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.75 and a current ratio of 0.75.

Vitesse Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 21st will be given a $0.5625 dividend. The ex-dividend date of this dividend is Friday, March 21st. This is a boost from Vitesse Energy’s previous quarterly dividend of $0.53. This represents a $2.25 dividend on an annualized basis and a dividend yield of 9.82%. Vitesse Energy’s dividend payout ratio is 351.56%.

Insider Activity at Vitesse Energy

In related news, CAO Mike Morella sold 8,143 shares of the company’s stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $26.69, for a total value of $217,336.67. Following the completion of the sale, the chief accounting officer now directly owns 81,615 shares of the company’s stock, valued at $2,178,304.35. This represents a 9.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Michael Sabol sold 6,714 shares of the company’s stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $26.70, for a total value of $179,263.80. Following the completion of the sale, the vice president now directly owns 63,411 shares of the company’s stock, valued at approximately $1,693,073.70. This trade represents a 9.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 15.80% of the company’s stock.

Vitesse Energy Profile

Vitesse Energy, Inc, together with its subsidiaries, engages in the acquisition, development, and production of non-operated oil and natural gas properties in the United States. It owns and acquires non-operated working interest and royalty interest ownership in the Williston Basin properties located in North Dakota and Montana.